MATTAN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MATTAN
Largest movements
- Tangible fixed assets +€51,636
up €51,636 (+2.9%), from €1.8m to €1.8m
- Debts after one year +€40,214
up €40,214 (+3.8%), from €1.1m to €1.1m
- Depreciation -€53,095
down €53,095 (-46.0%), from €115,459 to €62,364
- Gross operating margin +€50,128
up €50,128 (+115.2%), from €43,531 to €93,659
- Write-downs -€10,758
no longer reported in 2024 (was €10,758)
- Financial charges +€8,428
up €8,428 (+52.2%), from €16,137 to €24,565
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,764,607 | €1,813,475 | +€48,868 | +2.8% |
| Fixed assets | 21/28 | €1,750,509 | €1,802,145 | +€51,636 | +2.9% |
| Tangible fixed assets | 22/27 | €1,750,509 | €1,802,145 | +€51,636 | +2.9% |
| Land and buildings | 22 | €1,750,509 | €1,802,145 | +€51,636 | +2.9% |
| Current assets | 29/58 | €14,098 | €11,330 | -€2,768 | -19.6% |
| Amounts receivable within one year | 40/41 | €5,000 | €4,908 | -€92 | -1.8% |
| Trade receivables | 40 | €5,000 | €3,347 | -€1,653 | -33.1% |
| Other amounts receivable | 41 | - | €1,561 | +€1,561 | |
| Cash at bank and in hand | 54/58 | €4,298 | €1,622 | -€2,676 | -62.3% |
| Deferred charges and accrued income | 490/1 | €4,800 | €4,800 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,764,607 | €1,813,475 | +€48,868 | +2.8% |
| Equity | 10/15 | €478,793 | €482,506 | +€3,713 | +0.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Revaluation surpluses | 12 | €545,936 | €545,936 | = | 0.0% |
| Reserves | 13 | €3,183 | €3,183 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,395 | €2,395 | = | 0.0% |
| Legal reserve | 130 | €2,395 | €2,395 | = | 0.0% |
| Distributable reserves | 133 | €788 | €788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,326 | -€156,613 | +€3,713 | +2.3% |
| Amounts payable | 17/49 | €1,285,814 | €1,330,969 | +€45,155 | +3.5% |
| Amounts payable after more than one year | 17 | €1,066,454 | €1,106,668 | +€40,214 | +3.8% |
| Financial debts | 170/4 | €1,066,454 | €1,106,668 | +€40,214 | +3.8% |
| Amounts payable within one year | 42/48 | €219,360 | €224,301 | +€4,941 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €72,853 | €71,783 | -€1,070 | -1.5% |
| Trade debts | 44 | €1,672 | €967 | -€705 | -42.2% |
| Suppliers | 440/4 | €1,672 | €967 | -€705 | -42.2% |
| Other amounts payable | 47/48 | €144,835 | €151,551 | +€6,716 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,459 | €62,364 | -€53,095 | -46.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,758 | - | -€10,758 | |
| Other operating charges | 640/8 | €2,353 | €3,017 | +€664 | +28.2% |
| Gross operating margin | 9900 | €43,531 | €93,659 | +€50,128 | +115.2% |
| Operating profit (loss) | 9901 | -€85,039 | €28,278 | +€113,317 | |
| Financial charges | 65/66B | €16,137 | €24,565 | +€8,428 | +52.2% |
| Recurring financial charges | 65 | €16,137 | €24,565 | +€8,428 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | -€101,176 | €3,713 | +€104,889 | |
| Income taxes | 67/77 | -€471 | - | +€471 | |
| Profit (loss) for the period | 9904 | -€100,705 | €3,713 | +€104,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100,705 | €3,713 | +€104,418 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.